About your Search

20130201
20130228
STATION
FBC 84
LANGUAGE
English 84
Search Results 0 to 49 of about 84 (some duplicates have been removed)
the president will likely reference coke and apple for their latest plan to move manufacturing back to the u.s., but that is not the whole story. coke recently announced a plan to make the new macintosh and the u.s., but there are a tiny part of apple's business. apple's primary product, the ipad, iphone account for nearly three-quarters of the company's sales and are all made in china at places like fox con. that's not going to change a time soon. because as steve jobs once said denton cook echoed, you cannot find that many americans to hire. i bet there are just a few american engineers out there that would disagree, but they probably aren't looking at being paid $18 per day. mr. president, instead of dividing the ceo of the world's biggest company, what you bring in small business owners who are dealing with her policies the in and day out. while they're there may be to listen to what they have to say you. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. gerri@foxbusiness.com for complete coverage of the president's state of the union add
the name jesus, going after a dozen other u.s. clothing companies for selling jesus the and apparel. now, they claim their company has the exclusive rights to the name and other people cannot use it. >> and not getting it. jesus teens is the name of that company. they register the name. back in 2007. here is was some of those genes look-alike. the company uses phrases like dow shot at any other genes before me and he loves me follows me. according to the u.s. trademark office the name of a personal character is register both only to if you can show it is used in a way that tells people what you do in addition to who you are. in this case, they get the name because it is at tied -- the name is tied to apparel. in my opinion a name like jesus should be the exception. should be trademarked. jesus jeans, well, they should have turned the other cheek. that is my "2 cents more." and coming up tomorrow, a routine checkup that cost more than a new car. all talk to the man behind some startling new numbers on the price of health care. steven brill from time magazine. you're going to want to see t
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
unveiled by two of the most liberal members of the u.s. senate. barbara boxer from california and bernie sanders from vermont want to make polluters to manufacturers, and power plant operators pay for the pollution they generate. joining me now with the top republican on the senate energy committee, senator lisa murkowski. thank you for being with us again. great to see you. the carbon tax, good or bad idea >> this is something that is going absolutely nowhere. if what is proposed is something that is going to increase the cost to the consumers, this is just not going to happen. and when you think about the proposal that has been before the cut across, the captain trade proposal, it does not even take out the democratic lead said. it did not want to touch that. and of the to going to want to touch a carbon tax either. this is something that is just going to increase the cost to the consumer at a time that nobody is looking to increase their energy costs. we should not be looking to increase it. we should be making our energy more affordable. gerri: let me give you some numbers here. the
not living in the u.s. but in fantasyland? connell: we will talk about that and immigration reform because it has been huge topics this week. if we told you you could save billions of dollars in foreign aid to corrupt governments with immigration reform would you take that trade? dagen: super bowl feeder and counterfeiters are honest. we bring you more on a record $13.6 million bust in fake nfl merchandise. you got to give me a jersey, if you don't make one i will get one. connell: you will be all right. especially men wearing sports jerseys is one of my pet peeves. let's go to nicole petallides at the nyse-listed 14,000. nicole: don't come down here today because today on the floor of the nyse, support your favorite team. and the trader jackets a lot of traders are wearing their favorite jersey's. the dow four days out and we hit it, we are here, 14,000 right now, a gain of 140 points. dow leaders include bank of america and travelers and verizon and american express and at&t helping along the trend has been a good one, january, the best january in two decades. we kickoff 2013 in a very b
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
. the u.s. government has been bringing this up with the chinese for a long time. it is low risk. it is low cost. it is high return and difficult to track. even getting a location on these servers, this is a little bit of guesswork involved there. there are real challenges there. the big question is, how do we respond? connell: if you had to give a great to the american public, how ready are we? >> there are so many elements. you have to peel back the onion. you have to talk about things like, you know, the electrical grid and things like that. i would say we are at a c level. guy forbid, it could come to conflict with the chinese could shut out the lights on us here. shut off the power. shut out though, you know, air traffic control system. connell: thank you. i also want to point out that the ceo of that company preparing the report will be on the next hour of "markets now" with dennis kneale and cheryl casone. dagen: already looking into some stock orders. what does the chief have to say about this? connell: washington's spending problem. entitlement programs like social secur
on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the u.s., they thought maybe something may come out of that. at least they were hopeful. the rejection, now that obviously looks like it will be off the table. these talks will not do a whole heck of a lot. this comes at a time where they are tightening sanctions even more on iran. we saw saudia arabia, and take if you cannot get enough supply, we will pump a little bit more. melissa: that u.s. productivity fell 2% in the fourth quarter to its lowest level in nearly two years. what does the next day to say about our economic recovery? what do you make of that productivity number? that jumped out at me. >> the mov
at the strong dollar. you also have to look that u.s. oil production did the highest level in almost 20 years. it is absolutely incredible. a couple days ago, everyone was talking about $100 a barrel. now they are wondering if $90 will hold. the april futures just hit $93, as i speak. inventories, of course, rose. it was on the increase in production. a decrease on imports. that really impacted the market. that is good news for gasoline prices. they got hit very hard. the gas inventories fell. that was a bigger drawdown in gasoline. because of the strong dollar, that is keeping that market very strong. heating oil, they do not seem to care. the other big numbers today, natural gas. a drawdown aided in expected. it gave natural gas a little bit of a boost today. we could see a bigger drawdown than expected next week. ashley: phil flynn of price future group. thank you so much. shibani: buckle up for more volatility, it sounds like. take a look at what is happening to the national price of gas. it is up there descent from a month ago. this is refinery plants across the country. they are facing
as we do every 15 minutes. lauren, we are starting the week on an up note. >> this u.s. stock market rally really started in europe. the u.s. market has of arrows across the board. a really tight range for stocks. volume clearly to the upside by about two-one your advance to the client line. really pushing closer to those all-time highs. 14,198. we are not far from there. 1576, we are not far from that either. we are getting there. hopefully, we can keep this winninn streak live. ashley: healthcare provider stocks taking a hit. proposing lowering medicare rates next year. peter barnes joins us now from inside the beltway with the details on this story. peter: they are proposing a cut of about 5% or so in payments to insurance companies that offer medicare advantage is. about a quarter of all seniors in medicare, about 15 million of them, are enrolled in medicare advantage. they could have added benefits. patients have to stay in their healthcare network which helps insurance companies, in theory, manage their costs. private insurers are reimbursed for all of this by the government. t
of cyber attacks against u.s. companies. dagen: the white house is considering fines and other trade penalties against china. peter barnes has the very latest from washington. peter: the administration is expected to release its own reports. attorney general eric holder will be holding a news conference on this this afternoon. the u.s. is trying to step up efforts to prevent chinese hacking which have hit dozens of u.s. companies. the second report increasing pressure on the administration to take more forcible action against the chinese for what experts say have been years of systematic x-men nosh. these new programs between u.s. intelligence agencies and companies will take time to roll out. connell: peter barnes in washington, d.c. for us. obviously, this is becoming a bigger and bigger story for us. watch this. >> we have also, regularly and repeatedly, raised our concerns at the highest level with the chinese government about cyber theft. including with sr. chinese officials and the military will continue to do that. connell: former navy seal is with us. you have heard the gover
to just under 2%. a flight to safety. snap up u.s. government debt. all eyes on ben bernanke, speaking of interest rates. a semiannual testimony in front of the senate banking committee tomorrow joining me now, alec for the markets and the economy. seniorconomist.@ great to see you again. before we get all of that, i know you were a speaker at the big governors confab this weekend, and sequestration was also a huge topic of conversation. we know what the president releasing a state-by-state impact of the sequestration, he's trying to get the governors on board with his fight to promote his cause. how the governors feel about that? was your impression participating in the conference this weekend? >> everyone is concerned, and the way that i lay it out, we really don't know. i mean, you think it is much ado about nothing or another moment. and you would think that it is -- $44 billion, they say it's 85, but that's actually budget authority. and you would think in that three and a half trillion dollar budget that we could do that without bringing about armageddon. i mean it just seems --
. ashley: looking good, robert. melissa: the real housewives husband. ashley: thank you so much. melissa: u.s. home values closing out. 2012 medium home values are up 5.9% year over year. dan humphries -- stan humphries expects the recovery to continue. he is here with his predictions. thank you so much for coming on the show. let's start with the worst market for 2016. i want to drill down on some of these details. the places where you do not expect to see the biggest jump over the next year. they may be good opportunities for buyers, right? >> yes. some of the markets that will move slowest over the next year are markets in the midwest and northeast. think cincinnati, cleveland, new york, outside the five boroughs. out in new jersey, the markets are definitely moving slower. melissa: the reason why we highlight those, we call them the worst price appreciation over the next year, but they create good opportunities. talk about some of the best price appreciation targets right now. >> the best price appreciation that we expect to see is coming in markets that were the hardest hit during the do
that downgraded the u.s. it does not smell perfectly -- connell: they did not want to admit wrongdoing in a settlement. now you have a lawsuit as a result of that. there are a lot of people that were wrong about the financial crisis. maybe some of them were wrong on purpose, maybe they were not. if you look at the complaint, they may have some issues. there are e-mails. internal e-mails, if you look at the complaint back in 2006 where in s&p employee said rating agencies continue to create an even bigger monster. let's hope we are all wealthy and retired by the time this house of cards falters. that applies that selig did know it was a mess and they still said it is all right. >> you have to take into account how many employees work at any organization. it is very hard. we have not seen the complaint yet. what it actually stipulates. in terms of prognosticating the future and predicting the financial crisis -- connell: a lot of people were wrong. [talking over each other] connell: i do not know what your personal track record was, but analysts are wrong all the time. they make predicti
-week low against the u.s. dollar on concerns over the strength of europe's financial system. the euro fell to an intraday low of 131.44. this after the european central bank announced crisis loan repayment by banks fell short of expectations. >>> lots of actions in the medical -- metals pits this week. gosh, gold, silver. silver and copper both ending the week lower. silver closing down nearly 5% while copper posted a 5 1/2% drop, david. david: we have got it all covered. we have daniel in the pits of the cme. our market panel, larry shover who we usually see in the cme is in new york. and steven sachs, proshares head of capital markets. i want to start with daniel, at the cme. danny, amazing turn around when you think what happened yesterday. how much of that was dependent upon what happened with hewlett-packard? i mean did people look at hewlett-packard as a pace seter here in today's market? >> no, absolutely no.. this is all about the fed and bullard coming out saying they're not going to pare back as quickly as some people thought, definitely sent this thing up. just as yesterday when
'll tell you how to play the housing recovery without investing in the homebuilders. tracy: the u.s. postal service working it? well on the runway? come on. that's right. the cash-strapped usps delivering a new fashion line. we'll be right back. ♪ . what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate obreast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful brea
on all cylinders in the u.s. how long will the good times last? autonation's ceo talking to us exclusively about sales, the american consumer, as well as big plans for 2013. and the new app for the android world. the ceo tells us exclusively how it all translates into dollars and cents. countdown begins right now. >>> good afternoon everybody. i'm liz claman. welcome to countdown to the closing bell. it is the last hour of trading. there's a fair amount of red on the screen, but nothing horrific. check out the dow 30. most of the blue chips are down, but american express and coca-cola are defying the laws of gravity along with a couple other names including boeing. united technologies, and travelers. okay. the best levels still since the fall of 07. none of the major indices are anywhere near down a percent. that strength is helping the dow minimize its losses. taking a look at the s&p 500. it's down 4. we have the nasdaq down 12. but still for the s&p 7 points above the 1500 level. not bad. that gives it a little bit of breathing room. in terms of sectors, where's the weakness
this one. and turning tail in the persian gulf. the budget act is cutting the region's u.s. carrier fleet down to one. what could this mean for oil security? one of the reasons top security experts -- one of the ream's top security experts. even when they say it's not, it's always about money. ♪ melissa: all right, our top story tonight is a potential landmark legal case out of chicago. it could impact anyone with an employer-issued smartphone. a chicago police sergeant claim it is city owes him overtime pay for all of the time he's spent answering e-mails outside work on his smartphone. he says he was pressured by his bosses to be available after hours, but he wasn't paid for that time. now as many as 200 other officers are expected to sign on to the suit, and it could cost the city of chicago millions. so should you be getting paid for answering your e-mails on your blackberry at home? with me now are arthur eye dahlia and employment expert katherine misnshu. thanks to both of you for joining us. arthur, this is something that applies to even. i think almost everybody has a smartphone
. a mixed bag for this group in particular. dagen: we can skip the american airlines potential merger with u.s. airways, the biggest airline in the world. thank you, nicole. connell: blizzard watch for parts of the northeast. dagen: the very latest forecast for us. >> good morning. we have all the ingredients necessary to make for a major storm into friday night. including a big arctic air mass. the coldest temperatures in new england we have seen so far this winter. a storm in the midwest moving in and something we have not seen with any of these through the past week. gulf moisture. you have that storm. soaking rain across the coast, some have your thunderstorms around pensacola, much of this along the i-5 corridor. bringing in not only thunderstorms but tasty, tasty mess in chicago this morning, more than two-hour delays at o'hare. it is going to rapidly intensify moving north and east. we can expect some significant delays not only across new york but into the boston area as well, travel will be nearly shut down. heavy amounts of snow. places like hartford, springfield toward massachusetts
hurt u.s. exports and jobs by making u.s. products more expensive in japan, our fourth largest trading partner. the yen is already down 15% or so in the last few months since japan talked up more aggressive steps to stimulate its economy. president obama and the new japanese minister met at the white house on friday. trade was on the agenda; however, no word from either side if they actually discussed corp sigh specifically, but as you recall, two weeks ago, the g20 group of world's largest economies including the u.s. and japan issued a communique on currencies that analysts viewed as an endorsement of japan's aggressive economic maps including a lower yen. for now, doesn't look like the u.s. or other nations move to devalue their concern currencies to respond, but the reliance of american manufacturing warns japan saying, quote, the practice of currency manipulation with a major trading partner such as japan is a subsidy for their products entering our market and a tax on our exports entering their country." >> not been a year there ceoer, and meyer sayings get in the office or get o
, there have been plenty of times when u.s. has been without the secretary of defense. usually what happens is deputy secretary of defense is the acting secretary of defense, a good guy, he could be acting, are other thing, panetta has not left yet, that is bologna. that is not the argument. the fact is that two reasons that senators are opposing hagel. one is lindsay graham, and senator iaot have real questions about benghazi, and the other hand senator has questions about hagel. both of those together, are causing real problem, and a lot of the wounded on hagel are self inflicted. lou: and waleed as you read that letter from white house revealing, that the president did not contact anyone in the libyan government, that he relied upon his secretary of state, who has said she had no role in the days affairs. what is your reaction? >> well, look, lou, we really don't have the big picture in details about what happened in benghazi. i keep repeating that the key point is, what was the perception of the administration of the threat existing? did they consider that our location in be benghazi is
, senior u.s. economist for deutsche bank security. good to have you here. your year. i mean, we have people walking around with long faces. all parts of the country because they're unemployed. the economy is contracting. and they just don't understand how nice it is to be on wall street. >> well, it is chilly down on wall street. i assure you. but we are seeing some positive signs in the economy. so, yes of the fourth quarter did not look so great. the best top-level gdp number. but when you look beneath the surface we see some important undercurrents. does green shoots cut consumer spending. lou: seeing that come back. >> consumer spending is picking up. the investment which had been contracting. nav is picking up again. the housing market is picking up. but the domestic economy looks dece. it needs time to run until that an employer rate is down, but it increasingly looks like we are building some momentum. lou: you know, i really am. and i am delighted to see your optimism and to hear that the bright outlook, but i am concerned. consumers are getting hit from taxes. the fiscal cli
a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort ... individualized. at the ultimate sleep number event, queen mattresses start at just $599 . and save 50% on our innovative limited edition bed. >> who can make harness out of haywire, who planting time will finish his 40 hour week by tuesday noon. and put in another. david72 hours so god madea farm. david: that ma magnificent doj , showing how america used to be. a police sergeant said he was due overtime pay, but he was not on the clock. he was answering worker mails on his blackberry. sherri, is this a good way of the way work ethic used to be. >> it is right on target, chicago police deputy should be ashamed. you have to look they want
, technically i wear one. the u.s. postal service®, no business o small. >> tax tra keeps rolling along but spending cuts gets derailed, i'm david asman in for neil cavuto, now they have the republicans number. senate democrats push to delay automatic spending cuts, for another three months, and the same time they demand tax hikes to be in go kind of short-term deal. sounds like groundhog day, and john lay feel said that would drive the economy into the ground, mattie, andoirk connel oh, connel are joining us thank you. we know what the democrats want. they want more responding and higher taxes anyway they can get it. the question is what the republicans are going to do about it. so far they have been snuckerred by the guys, what do you think that the republicans will do? >> i think they should tell them, you got what you wanted. what are you going to do? we knew and said you will get about 40 billion attract dollars by raising taxes on upper income, rich, whatever you want to call them. we still have a deficit over $1 trillion, they said they would run on this like fdr, and andrew jack
am. thanks, nicole. well, american airlines and u.s. airways are closer to a deal that would create the world's biggest airline, so, nicole, what's u.s. airways doing as a result of this? >> well, for the most part we're seeing the trance parsports and mergers and acquisitions happening. and it's obviously a big move here. >> quickly, charlie. >> one comment and a lot of reporting about the merger, we'll be talking about this. i think the pilots union has a bigger piece in this it's not a done deal, guys. >> cheryl knows airlines from the inside literally. thank you very much. now, it's time for your seven early movers, weak outlook from green mountain coffee roasted, better than expected profits at education company devry. and over 7%, internet services company akamai slowly reporting revenue growth, good news on big time up about 18% and surprise fourth quarter profit from insurance giant allstate. could we get a look at that, allstate is up about 2 1/4%. better than expected profit in real estate brokage. cbre trading up about 10% now and robot maker, cautious first quarter guida
. hit a intraday low versus the u.s. dollar. >>> the number of u.s. workers filing new applications for unemployment benefits fell by 5000 to a seasonally adjusted 366,000 last week. the four-week moving average, we tell you about that because is smofs out the wreak to week volatility, fell it a five-year low of 350,500. that is good news. ashley: straight to adam shapiro. we have a couple companies reporting, athenahealth. coinstar. begin with athenahealth. >> let's start with them. this is a beat on earnings per share, ashley. 29 cents versus what the street expected, 28 cents. revenue is a miss, 16 .6 million. the street was expecting 116.9 million. take a look at coinstar. this is an interesting mix here. you've got an earnings per share breath of 93 cents when the street was expecting 73 cents. revenue not nearly what the street was expecting. 564.1 million. the street was expecting 580.19 million. liz: the problem when you miss on revenue. you can engineer the eps. squeeze out all kinds of cost savings. that is why both these names, athenahealth and coinstar selling off rather
%. their reasoning behind that is the u.s. oil production. we are up 376 million in total inventory. that is 10% higher than where we were one year ago today. dependence on opec, dependent on nigeria. i still think route oil prices slide a little bit more. ashley: very interesting. thank you so much. shibani: the s&p 500 is up more than 5% in the 2013 year. we are recovering, but have stocks hit their ceiling? our next guest causes a fake market rally. a little bit of a head fake. i know you have not been a believer. it seems that two days ago your predictions that this was a fake market rally were right. now, we are back up. what do you make of all this volatility? >> we need to put it into perspective. the federal reserve seeks control of this market through quantitative easing. that is what propels the market. the market starts to falter whenever there is even a little bit of hesitation. i think if you really drowned out into the economic numbers, this far into a so-called recovery, it is very difficult to give any kind of justification to a market advancing at that point. so good is, that h
, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: we are up 150 points on the dow and the only bad news is we were down 200 points yesterday. tracy: i think it lee will be talked about, sequester will be talked about and this market will play sideways until then. maybe you think i am crazy. lori: that is beside the point. [talking over each other] lori: who are you? john kerry? he had a big gap in a new country. anyway. good afternoon once again. i am lori rothman. melissa: i am melissa frances. senator's attack ben bernanke and the fed's bond buying program. the fed chairman says the benefits of the easy money policy out raise the rest. president obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign
of markets >> said good old old u.s. greenback one fund that tracks the dollar that has been down for a decade but is strengthening right now. >> that is so interesting. to my mind for the safe haven issued did not have a look at it. the bank deposit is a safe haven. neil: put the money under the mattress. we have the security commission we will be here. join us on monday. we will see you then. >> good evening, everybody. while much of the world awakened this morning is anxiously anticipating a close encounter with a 150-foot wide asteroid called the a 14, russians and the region saw the trail of a huge meteor streaking across there strike. the streaking the right exploded over the mountains in russia early today injuring more than 1,000 people. solid glass or the force of an atomic bomb wrecked building facades and blew out windows. the meteor estimated to be approximately 10 tons in weight, about 50 feet wide coming into the earth's atmosphere at a hypersonic speed of 303,000 miles-per-hour shattering into pieces about 30 miles above ground. one of those pieces eventually plunge
have an expiration tomorrow, the options, and adjusted weather patterns throughout the u.s. coming here, forecast really making people get out probably a little bit earlier than they thought. with natural gas is essentially will be that high. topping out at 250, and we will go down from there. ashley: let me finish very quickly on the hocus-pocus equity markets. obviously all eyes on washington, to pierce the automatic spending cuts will kick in, if at all ready in the market? >> i would not be surprised to see an equity market rally. it is funny to hear from the hocus-pocus as ben bernanke has been inflating the bubble in the bond market so we will see how long the hocus-pocus stays in that market. ashley: very good, the phrase of the day. thank you for joining us for today's floor show. really appreciate it. the world congress kicking off in barcelona, the top priority for many companies, mobile payments. you can hear a lot about it if you haven't already. encouraging customers to throw away the plastic, massacre unveiling new digital payment system, masterpass. joining us, president
the national association of home builders reporting the recovery has spread to more than 70 percent of 361 u.s. metro markets. that's a big deal. some of the things that got hit hardest by the housing bust a loss vegas, phoenix, seattle are all coming back. still, some of the businesses are saying housing should not be looked at as investment. but i beg to differ. let's see what my next guest says. founder of the corporate group. always great to have you on the show. i want to talk to you about the comments. he says you can't think of the houses and investment. >> in addition to what he also said, you're better off renting out and buying. i think he's out of his mind and it's the worst advice you possibly give to anyone in the marketplace. first off, for everyone who is out there renting, they will go up like crazy because so much of the housing stock that was converted to rentals by investors is going to be a debt of the market now that prices have returned to my going to be flipped, and people will raise trends, so there is no security. most importantly if i could just say one thing, ii live
. well, technically i wear one. the u.s. postal service®, no business too small. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur lou:nother look at the radar on the winter storm hitting the northeastern part of the country, that is expected to dump 3 feet of snow the governors of new york, connecticut, massachus etts, rhode island have ordered a state of emergency was blizzard warnings went at 70 miles per hour also wipe out conditions are expected and major snowdrifts it will be quite a night or this storm is unleashing its powers. chicago police officers demanding pay, the policemen's union in addition to seeking 12 percent pay hike wants to be paid extra money because they are required to live in the city suggesting a $3,000 stipend mayor ron emmanuel said they will all represent the taxpayers and what they can afford. lou: they have 27 million of
to keep going. liz: we were doing that too in the u.s. a little bit with the fed; right? >> everybody is somewhat afraid of being too strong, so there is -- i won't call it a currency war, but there is certainly currency skirmishes, what we have been doing is similar to what other nations have been doing. we have been making everything more liquid which affects the dollar and the dollar weakens. liz: it seems obvious that the yen would continue to weaken and that a lot of people are shorting the yen. is that a trade that could turn and move quickly? >> it could in terms of a short-term reaction toward where it's been going. i think in the long run the yen probably has more to go. liz: i have to ask you about exchanges. the cme obviously was not part of the big acquisition, the big merging trade that we've seen lately. of course the nyse joining with the i.c.e., there is a rumor, i'm not shocked that you probably know about this, that the deutsche boerse and the cme may very well hook up. would you be in support of that kind of thing? >> i'm not going to comment on anything like that.
%. >> okay. i just have a minute on bozell 3, where is it on implementation in europe and u.s.? bring us up-to-date. this is a very important i think regulatory challenge. >> as you know we put out a proposed rule on bozell 3. we received a lot of comments. we worked through the comments. we've continued to talk to our international partners and we are planning to have a final ruling out on it, i can't give you an exact date but somewhere in the middle of this year, and with the aim to be -- beginning the implementation of it during 2013. i would point out also that as far as we can tell through our stress tests and other measures virtually all of our banks are already on track to meet the requirements. it is not a question of the banks not being adequately capitalized. they are already either at or about to reach the capital levels. >> what about europe and their banks? >> europe is also in the process of implementing it. their banking system is weaker i think. it has strengthened some in recent quarters. we are discussing with them some of the details o f their plans, some of which differ
, but it is not a final step. it can only really address what the u.s. government does and does not do, cannot make congress have to do something. i think the effort here is to move forward with a collaborative process in which the private sector works with the government so they are not facing unrealistic mandate. also to make sure we are raising our game in terms of defense all across the critical infrastructure. congress will have to act to really complete the process. melissa: what you think about practices that there would be some federal agency that enforces it. that sounds like the sec trying to deal with and monitor trading and although there are many flaws and problems, please there is a revelatory body out with a set of rules enforcing them. would that work when applied to cyber security? >> in certain areas of the economy we already have preparatory agencies that have looked at cyber security and have made it part of what the requirements are. other parts of critical infrastructure don't have those kind of revelatory bodies, so you're going to have to even it out. the executive order doe
army has been behind a series of cyber attacks on the u.s. the white house is reporting considering fines and other trade penalties. china denies any involvement, but hacking, those stories are big today. back to you, nicole, you're watching google the day after it it broke above 800, where is it? >> yeah, hey, well, let's talk about google, right? hey, i was checking on it, 8.07 was the high and new hundred level and he's he shouting his opening trades and you can see it above the 800 mark at 805, a good one. stuart: and it broke above 800 on our air as of this time yesterday. nicole, yahoo! what's with it, a new look or something, what's that? >> a new look and the stock is up about 1/2 a percent for yahoo! and that's one that we'll watch as the new look as well on their site. so, keep an eye on that one as well. when i think about google though, i have to double-check, but when that initial public offering happened, i think it was like $84 or something. stuart: yes. >> and it's at 807. i'm talking about the cuts, but it was in the the 80's, if you liked the idea then, you're just
: secret service agents, u.s. senators get involved in these mmercial transactions and then don't live up to the contract. >> and being blackmailed which is a serious problem. lou: the start to wonder what the moral standards are for the country. rare going to be right back with the doctors, and they're going to go through the commercial the real saw last night and tell us what is really going on. there is one in particular -- and not talking about the clydesdales. and talking about the geek and that supermodel and likely -- will be right back. stay with us. ♪ clients are always learning more to make eir money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." for their "destination wedding." double miles you can
.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. ♪ lou: if the 2 percent payroll tax took a bite out of your income, sit down, take a deep breath. liz macdonald is going to join us in just a few moments, and you are going to a -- you're not going to be pleased with what she has to say because the taxes are going higher, and in many different ways. this is president's state, the stock market closed. year to date has been a good year. the dow leading the way higher, up 877. just this year of nearly 7% on the year to date. the s&p 500 gaining six and a half%. the nasdaq up just about almost 6%. bmw recalling 570,000 of its cars, of faulty battery cable is the reason which cses the engine to stal
, some politicians suggest. joining us now with the economic outlook, chief u.s. economist for ubs investment research. great to have you here. talking about terrible thing, apocalypse, armageddon is the president of these united states. he's mistaken? >> all you have to do is add the numbers. they say this sequester is $85 billion. that is based on budget authority. what they actually spend less behind budget authority so when commiists figured this, they take half of the 85 billion divided by the gdp and three tenths or four tenths of 1%. it's not that big right now. lou: one of the thing, and i don't want to engage you on the conversation with the president's veer rasety, but the fact of the matter, as we nod on the broadcast, the president talking about first responders, policemen, firemen, emts losing their jobs because of sequester. we don't know what he was thinking when he said that, but i want to know what's going to happen with the economy, and i think everyone watching this wants to know where we are. in contraction in the fourth quarter with the gdp, and numbers suggest
at the world's largest supplier of oil for the moment the u.s. may trump them eventually. major weakness in gold. we now have equities down pretty much the lows of the session. i am pulling up the dow chart, still a few names that tend to look a little bit weak at the moment. bank of america, caterpillar down, but what is going on that would cause a 60-point is lost? >> on top of all the things you mentioned, you have to sequester on the first of march and the market now up 7%. so i think probably taking money off the table anyway with all these negative things on top of it and this is what you're getting. we were very surprised the market was going up as well but had been most of the day. in the last few minutes the market has come in a nothing we didn't already know. liz: there is the belief that initially there is the first wave of what is happening with the fed minutes, and then it climbed back up, able to get down to about 12 points, 14-point and now 92 points to the downside. it is continuing to get a little worse minute by minute. >> and it will probably continue to do so. we have
Search Results 0 to 49 of about 84 (some duplicates have been removed)

Terms of Use (10 Mar 2001)